Ørsted has terminated a power purchase agreement with US state Maryland at its planned 966MW Skipjack offshore wind project.
The Danish utility announced it has withdrawn from a deal with the Maryland Public Service Commission that approved the Skipjack 1 and 2 schemes so it could financially restructure them. It said this would enable it to re-develop and re-permit the projects, and to seek new PPA deals in future.
David Hardy, executive vice president and chief executive for the Americas at Ørsted said: “As we explore the best path forward for Skipjack Wind, we anticipate several opportunities and will evaluate each as it becomes available. We’ll continue to advance Skipjack Wind’s development milestones, including its construction and operations plan.”